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Cost of Living

The shrug felt around the world after the drone attacks on Saudi oil

When news broke of the drone attacks in Saudi Arabia, on the world's largest oil processing facility, the Canadian energy industry joined the global economy in holding its collective breath… followed by a bit of a shrug.

Rising oil prices may not mean another boom for Canada's energy industry

CBC Radio ·
During a trip organized by Saudi information ministry, a hole in a part of a separator is seen on the ground as worker fix the damage in an Aramco's oil separator. (Amr Nabil/The Associated Press)
Cost of Living9:47The shrug felt around the world after the drone attacks on Saudi oil

When news broke of the drone attacks in Saudi Arabia, on the world's largest oil processing facility, the Canadian energy industry joined the global economy in holding its collective breath.

But a week later, the world seemed willing to shrug the oil disruption off.

Take a listen as Cost of Living host Paul Haavardsrud explains why this shrug, and whether it continues, could have big consequences for Canada's economy.

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